While baby boomers (those born between 1946 and 1964) are starting to move into senior living facilities, the generation still makes up a significant chunk of the American workforce—and they plan to keep it that way. A 2014 Gallup poll (the latest data available) shows that 49% of boomers who still are working say they don’t plan to retire until at least age 66, including 10% who say they never will retire.
Still, boomers are only the third-largest segment of the workforce (29%), surpassed by both millennials and Generation X (34% of the workforce each, respectively); and with 53.5 million millennials in the workplace as of May 2015, according to Pew Research Center, the younger generation represents a significant challenge to boomers for both jobs and workplace collaboration.
So how best to manage baby boomers—and retain their valuable experience and knowledge?